Average Rent in Sherman Oaks, Los Angeles, CA

Current Versus Historical Sherman Oaks, Los Angeles, CA Rents

Sherman Oaks rentals average $1,968 for a studio rental to $16,000 for a 4-bedroom rental. The median price of all currently available listings is $8,750, or roughly $4 per square feet.

For the apartment units and housing in June 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $245 (14.23%) year-over-year from $1,723 to $1,968. 1-bedroom rentals prices have increased by $68 (3.19%) year-over-year from $2,127 to $2,195. 2-bedroom rentals prices have increased by $149 (5.30%) year-over-year from $2,806 to $2,955. 3-bedroom rentals prices have increased by $688 (14.01%) year-over-year from $4,912 to $5,600. 4-bedroom rentals prices have increased by $7,066 (89.07%) year-over-year from $7,933 to $14,998. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 8.17% this month. 1-bedroom rents have gone up by 5.56% this month. 2-bedroom rents have gone up by 6.15% this month. 3-bedroom rents have gone up by 17.11% this month. 4-bedroom rents have gone up by 34.64% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.14	$1,968	$1,723 (14.23%)	$1,795 (9.66%)
1 BR	$3.14	$2,195	$2,127 (3.19%)	$1,814 (21.01%)
2 BR	$2.88	$2,955	$2,806 (5.30%)	$2,449 (20.65%)
3 BR	$2.96	$5,600	$4,912 (14.01%)	$4,295 (30.38%)
4+ BR	$4.30	$14,998	$7,933 (89.07%)	$11,062 (35.59%)

Historical Rents in Sherman Oaks, Los Angeles, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Sherman Oaks

There are a total of 15 cities nearby Sherman Oaks. The average rent in Sherman Oaks is currently $5,200 per month. A total of 12 cities nearby have an average rent lower than that. Our records show that Costa Mesa, CA, with an average rent of $2,773, is the most affordable city nearby. In contrast, the most expensive city near Sherman Oaks, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $30,000 per month.

Let's compare Sherman Oaks, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Sherman Oaks, Los Angeles, CA is 16.62% more affordable than other cities nearby. One bedrooms are about 22.75% more affordable. Two bedrooms in Sherman Oaks, Los Angeles, CA are about 31.40% more affordable. Finally, rent for three bedrooms are about 0.76% more affordable. Want more information? Check out the top 10 cities out of 15 total cities near Sherman Oaks, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Costa Mesa, CA	$2,222	$2,555	$3,338	$2,773
Long Beach, CA	$2,095	$2,275	$3,000	$2,950
Glendale, CA	$2,295	$2,300	$3,350	$3,285
Huntington Beach, CA	$2,329	$2,909	$3,400	$3,950
Los Angeles, CA	$2,250	$2,833	$4,001	$4,793
Santa Monica, CA	$2,600	$3,195	$6,350	$5,725
West Hollywood, CA	$5,000	$4,132	$6,100	$6,240
Newport Beach, CA	$1,960	$2,272	$4,575	$7,000
Beverly Hills, CA	$2,548	$3,795	$5,850	$12,000
Malibu, CA	$1,995	$7,648	$7,000	$30,000

Top Neighborhoods Near Sherman Oaks

There are a total of 13 neighborhoods in or near Sherman Oaks. Some of these neighborhoods include Wilshire Center - Koreatown, Mesa Verde, and Downtown Los Angeles. We've included all of these top 13 neighborhoods in or near Sherman Oaks, Los Angeles, CA in the following chart.

The average rent for these 13 neighborhoods in or near Sherman Oaks, Los Angeles, CA is currently around $3,975 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Sherman Oaks, Wilshire Center - Koreatown has the most affordable average rent at $2,697 per month. Whereas, at $20,000 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near Sherman Oaks. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Wilshire Center - Koreatown, Los Angeles, CA	$2,128	$2,650	$3,407	$2,697
Mesa Verde, Costa Mesa, CA	$2,199	$2,603	$3,406	$2,715
Downtown Los Angeles, Los Angeles, CA	$2,250	$2,900	$4,995	$3,300
Irvine Business Complex, Irvine, CA	$2,473	$2,836	$3,763	$3,346
Westchester-Playa Del Rey, Los Angeles, CA	$2,457	$2,852	$3,884	$3,884
Woodland Hills-Warner Center, Los Angeles, CA	$2,200	$2,388	$3,050	$3,895
Marina del Rey, Los Angeles, CA	N/A	$3,001	$4,212	$3,975
Venice, Los Angeles, CA	$2,295	$3,492	$4,090	$4,500
Westwood, Los Angeles, CA	$3,195	$4,000	$5,375	$5,648
Mid-City West, Los Angeles, CA	$2,695	$3,442	$5,498	$6,087
Hollywood Hills West, Los Angeles, CA	$1,949	$2,338	$4,155	$7,500
Brentwood, Los Angeles, CA	$3,275	$2,798	$4,950	$8,725
Bel Air-Beverly Crest, Los Angeles, CA	N/A	$4,150	$9,748	$20,000

Top Counties Near Sherman Oaks

There are a total of 13 counties located by Sherman Oaks, Los Angeles, CA. Some of these counties include Ventura, CA, Orange, CA, and Los Angeles, CA. The average rent for rentals in these counties is $4,400. That's roughly around $3 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Ventura, CA. It's average rent per month is $4,300. Vice versa, with an average rent of $4,500, Los Angeles, CA is the most expensive county by Sherman Oaks, Los Angeles, CA.

Typically, rent for studios in Sherman Oaks, Los Angeles, CA is 11.79% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Sherman Oaks, Los Angeles, CA is 14.75% more affordable than other counties nearby. Finally, rent for two bedrooms in Sherman Oaks, Los Angeles, CA is 14.12% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Ventura, CA	$2,148	$2,350	$3,273	$4,300
Orange, CA	$2,200	$2,649	$3,475	$4,400
Los Angeles, CA	$2,250	$2,681	$3,800	$4,500

Top Zipcodes Near Sherman Oaks

There are a total of 20 zipcodes in or near Sherman Oaks, Los Angeles, CA. The average rent for all of these zipcodes is $5,648. A total of 16 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92626, Costa Mesa, CA at $2,699 per month. In comparison, the zipcode with the most expensive average rent of $28,500 per month is 90210, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,243. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Sherman Oaks, Los Angeles, CA is $2,998 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,685 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in Sherman Oaks, Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
90210, Los Angeles, CA	N/A	$12,800	$16,925	$28,500
90049, Los Angeles, CA	$3,275	$2,695	$4,950	$8,725
90046, Los Angeles, CA	$1,974	$2,395	$5,650	$8,000
90069, Los Angeles, CA	$5,100	$4,840	$6,850	$7,999
90024, Los Angeles, CA	$3,195	$4,000	$5,475	$5,795
90048, Los Angeles, CA	$2,745	$3,773	$4,595	$6,083
90068, Los Angeles, CA	N/A	$2,997	$6,200	$9,748
90005, Los Angeles, CA	$2,209	$2,730	$4,292	$2,771
91367, Los Angeles, CA	$2,350	$2,425	$3,300	$3,525
90291, Los Angeles, CA	$2,648	$5,650	$4,775	$6,498

Frequently Asked Questions - Sherman Oaks Average Rents

What is the average rent price in Sherman Oaks, Los Angeles, CA?

The average monthly rental price for Sherman Oaks, Los Angeles, CA apartments for rent is approximately $8,750. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Sherman Oaks, Los Angeles, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Sherman Oaks, Los Angeles, CA.

How much is a studio apartment in Sherman Oaks, Los Angeles, CA?

The average monthly rental price for studio apartments is $1,968 and an average price per square feet of $4.14. There are a total of 3 studio apartment listings currently available for rent in Sherman Oaks.

How much is a one bedroom apartment in Sherman Oaks, Los Angeles, CA?

The average monthly rental price for one bedroom apartments is $2,308 and an average price per square feet of $3.14. There are a total of 5 one bedroom apartment listings currently available for rent in Sherman Oaks.

How much is a two bedroom apartment in Sherman Oaks, Los Angeles, CA?

The average monthly rental price for two bedroom apartments is $3,045 and an average price per square feet of $2.88. There are a total of 8 two bedroom apartment listings currently available for rent in Sherman Oaks.

How have rent prices in Sherman Oaks, Los Angeles, CA changed this year?

Rent prices for rentals in Sherman Oaks, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.14%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.14% year-over-year.

What is a reasonable rent price in Sherman Oaks, Los Angeles, CA?

A reasonable rent price in Sherman Oaks, Los Angeles, CA is around $7,000/month. You can search for these reasonably priced rental listings on RentHop.